The Plywood Global Market Report 2023 by The Business Research Company, provides plywood market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Plywood Global Market Report 2023, the market size is expected to grow from $54.79 billion in 2022 to $59.62 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of plywood is expected to grow to $85.26 billion in 2027 at a compound annual growth rate (CAGR) of 9.4%
The growth of the interior design and furniture industry is propelling the demand in the plywood market. Interior designing and furniture refer to the designing of homes or organizations. The interior design and furniture industry use large amounts of plywood as a better alternative to raw wood, as a result, the growth of interior design and furniture increases the demand for the plywood market.
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The plywood market is segmented:
1) By Type: Softwood, Hardwood
2) By Application: Furniture, Flooring And Construction, Automotive Interiors, Packaging, Marine, Other Applications
3) By End User: Residential, Commercial
Strategic partnerships are shaping the plywood market. Many companies operating in the plywood market are undergoing partnerships to meet customer demands. For instance, in January 2022, Boise Cascade Millwork, a US-based manufacturer of plywood partnered with Simpson Door Company, a US-based company manufacturer of the interior, exterior, and custom wood doors. With this partnership, Boise company will expand its offering of top-notch doors and services to its customers in Atlanta. Further, in another partnership, Quant, a Sweden-based company operating in industrial maintenance partnered with Metsä Wood, a Finland-based company that manufactures plywood. With this partnership, the companies want to develop proactive and predictive maintenance to the next level together to meet customer demands.
The plywood market report table of contents includes:
1. Executive Summary
2. Plywood Market Characteristics
3. Plywood Market Trends And Strategies
4. Plywood Forwarding Market – Macro Economic Scenario
5. Plywood Market Size And Growth
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26. Africa Plywood Market
27. Plywood Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Plywood Market
29. Plywood Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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